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Remy Cointreau: UBS cuts TP

( - UBS confirms its "neutral" recommendation on Rémy Cointreau shares, cutting its target price from E100 to E93, with the latter representing 12% upside potential for the cognac and other spirits house's shares.

"While the US and China will still be weak in H1, Remy has a plan to improve the former, and is outperforming in the latter", the broker says, which is "Waiting for signs of an inflection".

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